Cecilia Company reported net income of $1,220,000. The average total liabilities were $4,301,000 and average...
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Cecilia Company reported net income of $1,220,000. The average total liabilities were $4,301,000 and average total stockholders' equity was $5,202,000. Interest expense was $100,200 and the tax rate was 40%. Cecilia's return on assets ratio is closest to:
11.8%
13.9%
12.8%
13.5%
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